Badir and Cubical Services will collaborate on a variety of issues that aim to support startups, create employment opportunities and boost the national economies of both countries.
Backed by King Abdulaziz City for Science and Technology (KACST), the Badir Programme for Technology Incubators and Accelerators partnered up with Kuwait-based business incubator Cubical Services upon signing a Memorandum of Understanding (MoU) to boost startup ecosystem within the Kingdom of Saudi Arabia and Kuwait. The agreement will allow them to provide access to the local market and network and potential investors in their respective countries.
The MoU was signed by Mohammed AlHouzimi, Director of Shared Services Department of the Badir Programme for Technology Incubators and Accelerators, and Abdulrahman J. Fawaz, CEO of Cubical Services. Badir and Cubical Services will collaborate on a variety of issues that aim to support startups, create employment opportunities and boost the national economies of both countries.
“This strategic partnership with the Badir Programme will provide Kuwait-based startups and entrepreneurs access and growth opportunities in Saudi Arabia, which is the region’s biggest market,” states Al Fawaz.
Founded in 2007, the Badir Programme was established to improve and support technical entrepreneurship within the Kingdom of Saudi Arabia by helping the strategic policy applied in entrepreneurship and incubators in collaboration with the kingdom’s government entities, universities and the private sector. The Badir Programme is moving precisely to achieve its mission of creating 600 startups and 3,600 jobs by 2020 by focusing on expanding its innovation and entrepreneurial hubs across the region.
“Our partnership with Cubical Services aligns with the Badir Programme strategy, which aims to create a thriving ecosystem for startups through joint initiatives and activities, as we strive to promote entrepreneurship in-line with the Vision 2030 Programme,” comments Al Houzimi.
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